Need for Funding

Spending Breakdown

Cents to The Cause

For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #110

Avg. Compensation $49,439

Top 10 Staff Salary Range

$350k +

0

$300k - $350k

0

$250k - $300k

0

$200k - $250k

1

$160k - $200k

0

$120k - $160k

2

$80k - $120k

7

$40k - $80k

0

< $40k

0

Information from most recent CRA Charities Directorate filings for F2016

About Tim Horton Children's Foundation:

Founded in 1974, the Tim Horton Children’s Foundation gives children from low-income families the chance to develop life skills they need for a successful future. In North America, one in six children live in a low-income home. The Foundation runs camp programs for these kids with the goal that they develop a positive attitude about their future and confidence and thus can succeed in life.

Tim Horton Children’s Foundation has two core programs. Its Youth Leadership and Community Group programs are both camp programs offered to kids at no cost to the family.

Tim Horton Children’s Foundation offers its camp programs at seven locations in Canada. Camp Whiteshell is the newest camp location, which opened in June 2015 in Pinawa, Manitoba. The charity’s annual report states that over 19,000 kids attended its camp programs in 2016.

Tim Horton Children’s Foundation measures its camp programs' impact using three strategies: camp interviews, parent/guardian surveys and Youth Leadership Program Graduate surveys. In 2015, results of the Parent/Guardian survey showed that 86% of parents felt that their kids were more willing to take on responsibility after finishing one of the three camp programs. Results also showed that 89% of parents thought that their child was more comfortable meeting new people after going to camp.

Financial Review:

Tim Horton Children’s Foundation is a Major 100 charity with donations and special events revenues of $29.7m in F2016. Its administrative costs are 7% of revenues and its fundraising costs are 8% of donations. For every dollar donated, 85 cents go towards Tim Horton Children’s Foundation’s programs, falling within Ci’s reasonable range. The charity has funding reserves of $5.1m, resulting in a program cost coverage ratio of 25%. This means that the charity can cover 3 months of its annual program costs using its existing reserves, indicating a need for funding.

This charity report is an update that is currently being reviewed by the Tim Horton Children’s Foundation. Changes and edits may be forthcoming.

Updated on July 28, 2017 by Kevin Silberberg.

Financial Ratios

Fiscal year ending October

2016

2015

2014

Administrative costs as % of revenues

7.0%

6.4%

7.0%

Fundraising costs as % of donations

7.8%

9.0%

10.0%

Program cost coverage (%)

25.0%

11.1%

37.3%

Summary Financial Statements

All figures in $000s

2016

2015

2014

Donations

7,883

5,699

4,026

Fees for service

417

1,886

1,754

Special events

21,829

23,988

23,838

Investment income

0

0

84

Other income

151

307

(89)

Total revenues

30,280

31,880

29,613

Program costs

20,325

21,045

19,114

Administrative costs

2,120

2,048

2,072

Fundraising costs

2,303

2,678

2,792

Cash flow from operations

5,532

6,109

5,635

Funding reserves

5,079

2,328

7,138

Note: Special event fundraising consists of contributions from the Coin Donation program, Mission 10 Million Campaign and Camp Day. Ci adjusted for foreign exchange gains and changes in accounts and pledged donations receivable in other revenue, affecting total revenues by $151k in F2016, $307k in F2015, and by ($89k) in F2014. Net interest income of $84k in F2014 is included in investment income, increasing revenues and expenses accordingly. Net interest expenses of $83k in F2016 and $17k in F2015 are included in administrative costs. Transportation costs of $4.1m in F2016, $4.2m in F2015, and $3.2m in F2014 are included in program costs. Automobile lease payable is included as an interest-bearing debt, decreasing funding reserves by $8k in F2016, $24K in F2015, and $15k in F2014.

Comments added by the Charity:

The information in this report was prepared by Charity Intelligence Canada and its independent analysts from publically-available information. Charity Intelligence Canada and its analysts have made endeavours to ensure that the data in this report is accurate and complete but accept no liability. No attempt has been made to examine the effectiveness of the charities' programs.